Uranium Energy Corp (UEC) PT Raised to $3.75 at H.C. Wainwright

H.C. Wainwright maintained a Buy rating on Uranium Energy Corp (NYSE: UEC) and raised its price target to $3.75 (from $3.50)

"We are reiterating a Buy recommendation and increasing our price target to $3.75 after our site visit on June 2nd, 2014, to the Burke Hollow project along with the opportunity to meet with UEC's senior management and review each of the Texas uranium projects. In our opinion, the progress shown at Burke Hollow demonstrates a long-term vision to building one of the largest portfolios of mineable uranium in the United States, which will be critical to the nuclear power industry for many years to come," said analyst Jeffrey Wright.

"We can summarize our site visit to Burke Hollow with an enhanced view of the size of the overall resource along with a better understanding of how an eventual ISR mining operation could be planned on the site. With the advancements at Burke Hollow we believe additional value is present at Burke Hollow and as a result are increasing our estimates for the size of the resource model," he added.

For an analyst ratings summary and ratings history on Uranium Energy Corp click here. For more ratings news on Uranium Energy Corp click here.

Shares of Uranium Energy Corp closed at $1.75 yesterday.

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